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Al Ajr :
stands for commission,fees, and wages charged for services.

Al Fard :
A collective obligatory duties of Muslims.

Amana :
In trust

Al wadia :
Resale of goods with a discount on the original stated cost.

Al Wakala :
Absolute power of attorney.

Al Rahn :
An arrangement whereby a valuable asset is placed as collateral for debt .The collateral may be disposed in the event of s default.

Al wadiah :
Safe keepin.

Awkaf :
A religious foundation set up for the benefit of the poor.


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© Copyright Al Baraka Bank S.A.L 2010-2014 All rights reserved. Last Update March 28, 2017